JOYY Inc. (Nasdaq: NASDAQ:YY) today announced that its board of directors (the “Board”) has approved a carefully planned leadership succession. Ms. Ting Li, currently Director and Chief Operating Officer of the Company, will succeed Mr. David Xueling Li as Chairperson of the Board (“Chairperson”) and Chief Executive Officer (“CEO”), effective immediately. Mr. David Xueling Li will continue serving as a member of the Board, ensuring continuity and supporting ongoing business momentum.
Mr. David Xueling Li stated, “JOYY has become highly globalized, cultivating an engaging and vibrant user community worldwide. With robust localized operations and continuous innovation, we are poised to further diversify our revenue streams and seize new growth opportunities. The Board and I believe that this is the optimal time for leadership transition. I will remain as a member of the Board, exploring new long-term prospects while supporting the team.”
Mr. David Xueling Li continued, “Ms. Ting Li’s exceptional contributions and strategic vision make her the ideal leader for our next growth phase. As Chief Operating Officer, she has successfully steered our operations through various challenges. Her deep understanding of our past and future direction, coupled with her recent Board experience, ensures a smooth transition.”
Ms. Ting Li commented, “I am grateful for the Board’s trust and I am honored to take on new responsibilities of Chairperson and CEO. We have been dedicated to globalization through localization and expansion of our global presence continually. Looking ahead, we will continue nurturing our content and social entertainment ecosystems and reinforcing our market position. By driving product innovations and operation refinement, we aim to strengthen the foundation and efficiency of our monetization capabilities. In addition, we will keep cultivating initiatives for the long run in order to further diversify revenue and achieve sustainable long-term growth.”
Effective immediately, Ms. Ting Li will assume the roles of Chairperson and CEO. She has been with the Company since 2011, serving as Chief Operating Officer since 2016, and joined the Board in November 2023. Her contribution in developing JOYY’s ecosystem and enriching its content and product offerings has been pivotal. Prior to joining the Company, Ms. Li served as a product manager at Tencent from 2006 to 2011 after receiving a bachelor’s degree from South China University of Technology.